Early retirement and annuity


Q. I can’t wait for another year to stay with my agency. What would I lose if I retired at 61 instead of 62 years old?

A. Assuming that you have at least 20 years of service, your annuity would be computed using the .01 multiplier instead of .011 if you waited to retire until age 62. If you had fewer than 20 years of service, it wouldn’t make any difference. The multiplier would stay at .01 under either scenario.


About Author

Reg Jones was head of retirement and insurance policy at the Office of Personnel Management. Email your retirement-related questions to fedexperts@federaltimes.com.


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